Dj30
DJ-30 Breaking down its Triangle formationDJ-30, has gapped down below the current triangular formation and is headed towards the bottom side of the rising channel. This potential setup has a Reward-to-risk ratio of about 2.5
Dow jones 30 - bullish bounce at 50% fibonacci level? 21/04/2018As can be seen on the four hour ( 50% fib level) the dow jones has successfully broken the 24.500 fibonacci level a sustained break below will bring on a price test at 24.157 ( 50% fib level ), in my opinion signifying a rejection of the price and a hard bullish spike starting off the new bullish trend.
Woowwww what a coming back. Nice places to sell everything.Last week fear @ top.
Dont forget last week.
This is a good maybe we will see this is the best opportunity to go cash and sell all stocks.
Time will tell. History will write.
Good LUck.
DJI 30 30KI have been waiting for this for such a long time. Finally we made a breath down so we can hop again. DJI world market stocks correction. -10% value. 100MA support. 38.2%FIB trump Rally. RSI oversold with signs for a correction. 78.6% FIB last leg of the move. Fundamentally everything looks perfect. Go for the 30K. 3 positions sizes with good RRR. Good Luck
DJI TARGET UPDATEUpdated DJI chart. Projecting this wave's rise to be equal to Wave 1 (73.38%). The b wave of Wave 1 was 26 months from the 2009 low. Wave 3 was 43 months (1.6 x Wave 1). Wave 5 is closing in on 26 months. Even if this up move is only finishing wave 3 (the alternate count that is super bullish), there still should be a nasty correction once target is reached. Bullishness is everywhere. The DJI has also overthrown its channel.
Dow Jones Industrial Average - Long Term Trading IdeaAnalysis is based on 80% technical and 20% fundamental analysis. If analysis goes well - expected duration for target is 1 - 1.5 year. Reward ratio 1 to 6.5. Volatility is greatest at turning points, diminishing as a new trend becomes established.
Weakness. Maybe here we have something..We see price action and close under 9 ma.
sO
Maybe here we have something for top.
Early warning for top.
Lets see..
Possible DJI Target of 24000-24200Low to Low (2009-2016) and Low to High (2016-2018) is a valid pattern. Appears that we may be in wave 3 of final wave 5. After the next pullback, a rise to the 24000-24200 area would also provide a .382 to .618 ratio from the 2016 low.
Little correction of the NDXLike we know the NDX and many other stocks are over valued. Based on the fisher index we are at current highs which need a correction. If I had any long position on the NDX I should sell them now absolutly. I don't really expect a fall of thousands of pips but a retracemend to around 3500 to 3800 around this range is possible. The bubble is not in tech but tech will feel this.
DAX is in limbo - how low can you go ?dax on the even longer way down ! Is this the new channel ? Or it can fall lower with US fall ?
For the moment dax is at the lower edge of this new channel and if US don't follow the downtrend then dax may go towards the upper edge of this new channel .
DAX ShortThat low of 12320 will be retested soon . Maybe today . Already tested on June 30 , and July 06 . And who knows ? Maybe the third time is lucky .
As you can see in the above Fibonacci Time Zone and the below Trend-Based Fib Time .
DAX/DJI bearish or not ?tp1 and tp2 or vice versa ?
Please see my first published idea . Is my point in there wrong ? With no healthcare/tax reform in US why is dow30 going up ?
On the other hand, the big boys - the whales - those who moves the markets can't go with the trend and with their huge money rapidly clearing the markets .
So they can match their big pile of money only on the countertrend - when cohorts of little fish are going upstream the whales are going downstream and vice versa .
In the end things come back where they must be even if for the moment they are running in the opposite way .
Therefore it may be first tp1 and then tp2 or vice versa .
But sooner than later I see a big downfall for both dji/dax because I don't see healthcare/tax reform in US done this year .
Even worst I have not seen such high opposition to an US president like against Trump .
dji30SO after a long pause after last short, I am seeing (yet again) wedgie that might end the current long run to the upside. currently short from 21365. See previous charts. I am expecting quite a lot of pullback. From the fundamental side: FED wants to dump its holding onto private investors, fonds ect.(FED buying different assets = up, FED selling different assets=down)
$DJIA $DOWI hits Key fib 200% Extension!$DJIA $DOWI hits Key fib 200% Extension . Should loiter around this before plunging for whatever reason media comes up with $OEX chart of top 100 already hit same fib level and time symmetry
DJIA as long as under recent highs target is downsideDJIA as long as under recent highs target is downside towards 200DMA and uptred nsupp line. DJT also moving down towards LT uptrend line. Sell rallies!
